Marine Parade HDB shophouse for sale at $4 mil

A rare opportunity is up for grabs in Singapore – a two-storey HDB shophouse has been launched for sale via an expression of interest at a guide price of $4 million. Located in Marine Parade, this property has an 83-year lease with a floor area of 1,506sq ft and a 50m frontage along Marine Parade Central. This is an attractive option with many amenities nearby, such as Parkway Parade, Parkway Centre, Holiday Inn Express Katong and Grand Mercure Roxy Hotel.

Donald Goh, Director of Capital Markets and Investment Sales at Singapore ERA, believes that the property will draw in buyers and investors due to its prospective capital appreciation potential. ERA’s Marine Parade area is becoming a highly sought-after location thanks to a number of other high-profile developments such as Amber Park, Meyer Mansion, Tembusu Grand and The Continuum.

Recent transactions in the area has proven its rental resilience and capital appreciation over time. Goh believes that investors looking for well-located properties with stable yield should be particularly interested in this property.

In addition, the upcoming Marine Parade MRT station on the Thomson East Coast Line, scheduled to open by 2024, is near the property.

Bukit Timah rejuvenation plans include transforming old railway tracks into community space, and The Myst Bukit Timah creating a green urban village near to The Myst Condo.

The property consists of retail space on the first floor and living quarters on the second floor, which is fully tenanted.

According to Goh, with a limited supply of private-owned units available across the island, HDB shophouses have been enjoying strong growth in terms of capital appreciation and rental resilience over time.

The expression of interest exercise will close on May 25th at 3pm.

This is an attractive opportunity for investors who are looking for an area that is on the rise, offering them a rare chance to acquire a Ghim Moh HDB shophouse for $3 million. With great potential for investment and capital appreciation, this is an opportunity that’s certainly worthy of consideration.